Inside these posts: David Nelms

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Melissa Bean to be CEO of Executives’ Club

Melissa Bean. (Nancy Stone/Chicago Tribune)

By Becky Yerak and Melissa Harris | Melissa Bean, the Barrington Democrat recently ousted from her U.S. House seat after three terms, has been hired as the new chief executive of the Executives’ Club of Chicago.

Before entering the world of politics, Bean worked in sales and management for high-tech companies, including a Motorola unit, Nortel and Arrow Electronics. She later started her own consulting firm to the tech industry, advising clients that included Anixter, Intel and Microsoft. She was elected to Congress in 2004.

Bean replaces Kaarina Koskenalusta, who resigned from the business forum last October after 25 years at the helm. Get the full story »

Discover CEO’s pay almost doubles in 2010

Discover Financial Services Co. said Chairman and Chief Executive David Nelms received compensation valued at about $8.5 million in fiscal 2010, almost double from the prior year.

The credit card issuer said in a regulatory filing Friday that Nelms’ base salary increased to $4.55 million from $1 million the previous year. His salary was made up of $1 million in cash and $3.55 million in stock. Get the full story »